Investor Alert: Alabama Financial Advisor Chadwick Carrick
Posted on Thursday, December 13th, 2018 at 6:29 am
Did you lose money investing with Alabama financial advisor Chadwick Carrick (CRD# 3093870)? Carrick has been registered with The Jeffrey Matthews Financial Group, L.L.C. in Fairhope, Alabama since August 2017. Previously, Carrick was registered with Stifel, Nicolaus & Company, Incorporated in Mobile, Alabama from 2015 to 2017 and with Sterne, Agee & Leach, Inc. in Mobile, Alabama from 2009 to 2015. Prior to that, Carrick was registered with Morgan Stanley Smith Barney in Fairhope, Alabama from June to September 2009, when he was terminated regarding, “Mr. Carrick violated firm policies and procedures by altering a journal form and letter of authorization previously signed by the client, in his effort to expedite a movement of funds and third party check requested by the client; and Mr. Carrick improperly entered the operations area to fax the documents.”
Carrick has been the subject of two customer complaints in 2018, according to his CRD report:
September 2018. “Claimant alleges unsuitable investments, vicarious liability, breach of contract, violations of securities regulatory rules, violations of Mississippi Securities Law, unauthorized trading and breach of fiduciary duty.” The customer is seeking $250,000 in damages and the case is currently pending.
January 2018. “Plaintiffs allege negligence, failure to supervise, excessive trading, churning, and breach of fiduciary duty.” The case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, The Jeffrey Matthews Financial Group, L.L.C. may be liable for investment or other losses suffered by Carrick’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.